The Boy Scouts have been instrumental in the personal growth of millions of young people in the United States. One of the reasons for their success is that they stand for something, and they faithfully practice what they believe. We all know “Always be prepared”, and that’s surely good advice. But they also follow something […]
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The anatomy of 8 basic chart patterns and their optimal entry -> http://t.co/Asbd1FZXHl pic.twitter.com/ekCxIoPZuC — StockTwits (@StockTwits) October 9, 2014 One of the most incredible chart series we’ve ever seen. Click, start scrolling -> http://t.co/5wzFUDhhMP $SPY $GLD pic.twitter.com/KdQ3WAKbRR — StockTwits (@StockTwits) February 21, 2015 This picture shows the psychology that pretty much governs all markets.
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Trading can be one of the most frustrating things many people will ever do. It is very counter-intuitive. At times, trends seem to go farther than anyone thought possible, and at other times, the market fails to trend at all. When the market seems to be ready to plunge, it rallies unexpectedly. When a stock
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I will be looking to buy $XLK on Monday morning if it holds above the 200 day SMA. I would enter using the $TECL ETF for leverage, with $XLK over the 200 day and 5 day EMA, with my stop loss set for a close under the 200 day SMA. I would position size so
My $XLK Buy Levels Read More »
I will be watching $XLE next week, and trade any opportunities with price extensions getting $1 under the 5 day EMA to the downside, and also converging near the 30 RSI on the chart. I will be a buyer of these extensions away from the 5 day EMA, and enter long using $ERX, looking for
Key Support Levels For $XLE Read More »
In baseball, you don’t have to swing at every pitch. And in these markets, the best traders wait for the best signals. Good batters look for the pitches over the plate, the ones they can knock out of the ballpark. Good traders look for high probability setups with great risk/reward ratios. With the RSI oscillator,
$SPY: The Fat Pitch Read More »
$SPY is currently in an 8 day trading range, with $208 as resistance, and $204 as support. $SPY ran up against this resistance again on Friday. For a momentum breakout, $SPY must breakout and close over the 100 day SMA. Prices will likely be stuck in this range until the uncertainty over Greece subsides.
10 Facts About the $SPY Chart: 7/12/15 Read More »
Buy Ahead Of Earnings Reports? Please Don’t 25 Powerful Trading Lessons From Jesse Livermore The 14 Stages of Trading Psychology
5 Great Trading Articles: Week 7/11/15 Read More »
Keep it real – got hit today cause the ⌚️ is $AAPL — Downtown Josh Brown (@ReformedBroker) July 9, 2015 Chinese QE is just the latest example of them stealing our intellectual property. — Downtown Josh Brown (@ReformedBroker) July 8, 2015 Greek debt/GDP currently at 175%. It will surge over 200% once Greece accepts bailout
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As traders, we have unlimited online distractions. I limit my time to five websites that are my go-to places for charts, news, learning, and connecting with other traders. I hang out most the day on Twitter. I enjoy the flow of information, seeing what other traders are doing, and reading interesting facts from all over the world.
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